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1. In 2017 lead sectors for investors to making money

 New Delhi – In 2016 IT, Pharma and Real Estate is somewhat lagging which ended up, while Metals, Chemicals, and Oil & Gas get grab the apex.


The survey shows the Oil & Gas sector rush 23 per cent as of data collected on December 23 2016 while Metal and Mining sector increased by 34 per cent. S&P BSE Consumer Durable index is hereby 10 per cent while the BSE Capital Goods index decrease by 5.4 per cent.

In calendar 2017 is most of positive from analyst outlook, but in imminent year contemporary leaders in 2016 should not retain their position, Said by analysts hence it is required shift in portfolio.

Sector such as IT, Infrastructure and Realty increase the performance in 2017 which was under pressure in 2016.

2. Target shares dive on earnings outlook, price cut plans

FILE PHOTO - A newly constructed Target store is shown in San Diego, California May 17, 2016. REUTERS/Mike Blake/File Photo
FILE PHOTO – A newly constructed Target store is shown in San Diego, California May 17, 2016. REUTERS/Mike Blake/File Photo

Target Corp (TGT.N) said on Tuesday it will rely more on low prices to compete with rivals like Wal-Mart and Amazon, admitted many of its stores needed freshening up, and told Wall Street its sales and profit estimates for 2017 are too high.

Shares of the retailer plunged to 2-1/2-year lows in heavy trading. Many of its rivals fell, too, including deep discount chains that will now face tougher competition on prices. For investors, the news was a shocking reminder that U.S. retailing remains a cutthroat business.

Target vowed aggressive promotions at a meeting with analysts and investors, saying new brands and investments in technology and small stores will allow it to eventually win back market share.

Although its e-commerce operation is growing, Target reported its third straight quarter of lower sales from existing stores, citing “unexpected softness” at its stores.

Target also forecast first-quarter profit short of Wall Street estimates. Shares sank 12.1 percent to $58.79, their biggest one-day percentage drop since 2008.

The stock has lost a quarter of its value since the holiday shopping season started in November, back to levels last seen in August 2014.

The retail industry faces pressure from lackluster U.S. economic growth, intense competition from (AMZN.O) and other online rivals and concerns about President Donald Trump’s planned border tax.

With Tuesday’s announcement, Target’s brand identity as a source for “cheap chic” fashion and other low-cost stylish goods is giving way to the push for lower prices, analysts said.

That prompted declines across the retail sector. Dow component Wal-Mart Stores Inc (WMT.N) closed down 1.1 percent, Kroger Co (KR.N) fell 1.3 percent and Macy’s Inc (M.N) lost 1 percent. Dollar General Corp (DG.N) fell 4.9 percent and Dollar Tree (DLTR.O) was down 3.6 percent.

Shares of Amazon, whose market cap exceeds all those companies combined, closed down slightly.

The drop in Target shares also reflects missteps by the company, said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

“Target didn’t do its job of trying to engage its customers and the theory is they may have lost the ability to do it,” she said. “That’s what the (stock) market is telling you.”

FILE PHOTO – A newly constructed Target store is shown in San Diego, California May 17, 2016. REUTERS/Mike Blake/File Photo
FILE PHOTO – A newly constructed Target store is shown in San Diego, California May 17, 2016. REUTERS/Mike Blake/File Photo
The retailer plans “aggressive promotional activities” that would erode its operating profit by $1 billion this year, Chief Executive Brian Cornell said at the meeting on Tuesday.

Revamping older stores is also part of Cornell’s plan. Target has “a large percentage of the portfolio where the buildings just don’t match the brand. They are old. They’re tired. And they have not been updated in years,” he said on a conference call.

Target said it planned to invest $2 billion in 2017 on analytics, supply chain and opening 100 more small-format stores in urban neighborhoods and college markets. It also plans to launch more than 12 exclusive brands.

Target forecast full-year earnings of $3.80-$4.20 per share from continuing operations, while analysts on average were expecting profit above $5.00, according to Thomson Reuters I/B/E/S. [nBw2wpt55a]


One of the first areas where prices will come down at Target is food, the company said. Food and pet supplies account for about a fifth of Target sales, according to its annual report.

On Monday, Reuters reported Wal-Mart launched a new front in U.S. price wars with a test in 1,200 stores to lower grocery prices. [nL2N1GC03L]

With Wal-Mart and Amazon already facing off on price, including in the grocery aisle, Target is in an uncomfortable middle ground. And where Wal-Mart has established itself as the nation’s largest grocer, Target’s foray into food has been less successful.

“Target is neither a full-line grocer nor a player with lots of niche specialty products; it is neither a high-end player, nor a price-focused discounter,” said Neil Saunders, managing director of GlobalData Retail.

Target’s grocery offerings are “confusing,” he said.

Two years ago, bigger rival Wal-Mart aggressively cut prices across the board and boosted its online presence. Target could not act then due to costs related to a massive data breach and its decision to pull out of Canada.

3. How Uber Deceives the Authorities Worldwide

SAN FRANCISCO — Uber has for years engaged in a worldwide program to deceive the authorities in markets where its low-cost ride-hailing service was resisted by law enforcement or, in some instances, had been banned.

The program, involving a tool called Greyball, uses data collected from the Uber app and other techniques to identify and circumvent officials who were trying to clamp down on the ride-hailing service. Uber used these methods to evade the authorities in cities like Boston, Paris and Las Vegas, and in countries like Australia, China and South Korea.

Greyball was part of a program called VTOS, short for “violation of terms of service,” which Uber created to root out people it thought were using or targeting its service improperly. The program, including Greyball, began as early as 2014 and remains in use, predominantly outside the United States. Greyball was approved by Uber’s legal team.

Greyball and the VTOS program were described to The New York Times by four current and former Uber employees, who also provided documents. The four spoke on the condition of anonymity because the tools and their use are confidential and because of fear of retaliation by Uber.